000929107 000__ 02828cam\a2200493Ii\4500 000929107 001__ 929107 000929107 005__ 20230306151334.0 000929107 006__ m\\\\\o\\d\\\\\\\\ 000929107 007__ cr\nn\nnnunnun 000929107 008__ 200306s2020\\\\sz\\\\\\ob\\\\001\0\eng\d 000929107 020__ $$a9783030370817$$q(electronic book) 000929107 020__ $$a303037081X$$q(electronic book) 000929107 020__ $$z9783030370800 000929107 035__ $$aSP(OCoLC)on1143475385 000929107 035__ $$aSP(OCoLC)1143475385 000929107 040__ $$aFIE$$beng$$cFIE$$dOCLCO$$dGW5XE 000929107 049__ $$aISEA 000929107 050_4 $$aHG4028.C4 000929107 08204 $$a658.15/244$$223 000929107 08204 $$a339 000929107 1001_ $$aKruschwitz, Lutz. 000929107 24510 $$aStochastic discounted cash flow :$$ba theory of the valuation of firms /$$cLutz Kruschwitz, Andreas Löffler. 000929107 264_1 $$aCham :$$bSpringer,$$c2020. 000929107 300__ $$a1 online resource. 000929107 336__ $$atext$$btxt$$2rdacontent 000929107 337__ $$acomputer$$bc$$2rdamedia 000929107 338__ $$aonline resource$$bcr$$2rdacarrier 000929107 4901_ $$aSpringer Texts in Business and Economics,$$x2192-4333 000929107 504__ $$aIncludes bibliographical references and index. 000929107 5050_ $$aIntroduction: A Stochastic Approach to Discounted Cash Flow -- Basic Elements: Cash Flow, Tax, Expectation, Cost of Capital, Value -- Corporate Income Tax: WACC, FTE, TCF, APV -- Personal Income Tax -- Corporate and Personal Income Tax -- Proofs -- Sketch of Solutions. 000929107 506__ $$aAccess limited to authorized users. 000929107 520__ $$aThis open access book discusses firm valuation, which is of interest to economists, particularly those working in finance. Firm valuation comes down to the calculation of the discounted cash flow, often only referred to by its abbreviation, DCF. There are, however, different coexistent versions, which seem to compete against each other, such as entity approaches and equity approaches. Acronyms are often used, such as APV (adjusted present value) or WACC (weighted average cost of capital), two concepts classified as entity approaches. This book explains why there are several procedures and whether they lead to the same result. It also examines the economic differences between the methods and indicates the various purposes they serve. Further it describes the limits of the procedures and the situations they are best applied to. The problems this book addresses are relevant to theoreticians and practitioners alike.--$$cProvided by publisher. 000929107 650_0 $$aDiscounted cash flow. 000929107 650_0 $$aValuation. 000929107 650_0 $$aMacroeconomics. 000929107 650_0 $$aInvestment banking. 000929107 650_0 $$aSecurities. 000929107 650_0 $$aBusiness mathematics. 000929107 7001_ $$aLöffler, Andreas,$$eauthor. 000929107 830_0 $$aSpringer texts in business and economics. 000929107 852__ $$bebk 000929107 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-030-37081-7$$zOnline Access$$91397441.1 000929107 909CO $$ooai:library.usi.edu:929107$$pGLOBAL_SET 000929107 980__ $$aEBOOK 000929107 980__ $$aBIB 000929107 982__ $$aEbook 000929107 983__ $$aOnline 000929107 994__ $$a92$$bISE